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Benedict Corporation reports the following information: Net income $500,000 Dividends on ordinary shares 140,000 Dividends on preference shares 60,000 Weighted average ordinary shares outstanding 125,000

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Benedict Corporation reports the following information: Net income $500,000 Dividends on ordinary shares 140,000 Dividends on preference shares 60,000 Weighted average ordinary shares outstanding 125,000 Benedict should report earnings per share of: Select one: a. $2.88. b. $4.00. c. $2.40. d. $3.52

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